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3 First point of contact for investors who intend to set up projects in the manufacturing and services sectors in Malaysia Government's principal agency for the promotion of the manufacturing and services sectors in Malaysia Assists companies which intend to invest in the manufacturing and services sectors, as well as facilitates the implementation of their projects Provides information on the opportunities for investments, as well as facilitating companies which are looking for joint venture partners Evaluates the applications for projects in the manufacturing and its related services sectors (Manufacturing Licence, tax incentive, expatriate post, import duty & sales tax exemption MIDA 1988 Centre of Investment 2004 Extend to Services sector Empowerment FIDA 1978 One Stop Agency FIDA 3

9 PIONEER STATUS Income tax exemption of % for a period of 5-10 years INVESTMENT TAX ALLOWANCE % on qualifying capital expenditure incurred within 5-10 years can be offset against % of the statutory income IMPORT DUTY & SALES TAX EXEMPTION Full exemption from import duty / sales tax on raw materials/components and machinery & equipment REINVESTMENT ALLOWANCE 60% on the qualifying capital expenditure incurred for the reinvestment can be offset against 70% of the statutory income 9

10 In July YAB PM announced five initiatives to promote direct domestic investment: Domestic Investment Strategic Fund Incentives for Acquiring a Foreign Company for High Technology Incentives for Small Scale Companies Incentives for Companies in Production (Desirous Issue) Incentives for Merger Among Malaysian Services Providers 10

11 RM1 billion The fund aims to: Harness and leverage on outsourcing opportunities created by MNCs operating in Malaysia To accelerate the shift of Malaysia-owned companies in targeted industries to high value-added, high technology, knowledgeintensive and innovation-based industries Intensify technology acquisition by Malaysian-owned companies Enable Malaysian-owned companies to obtain international standards/certifications in strategic industries 11

12 Training of Malaysians Modernisation and upgrading of facilities and tools MATCHING GRANT (1:1) R&D activities carried out in Malaysia Licensing or purchase of new / high technology Obtaining international standards / certification 12

13 MECHANISM The fund does not offer an outright grant and is contingent on the investments of the applicants Matching grants (1:1) on reimbursable basis To be granted on a negotiable basis based on the request of the companies and the merits of each case Provided under the Customised Incentive Scheme, Section 127, Income Tax Act

15 Effective Date of Application Application received on or after 3 rd July 2012 are eligible to be considered for this incentive Submission The application shall be submitted to the relevant Division in MIDA (based on products / services undertaken by the company). 15

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